Investment Professionals

WILLIAM J. DEZELLEM, CFA CHIEF INVESTMENT OFFICER, AND PRESIDENT
William J. Dezellem, CFA is Chief Investment Officer and President of Tieton Capital Management, which he founded in 2005. Bill was the founding Portfolio Manager of the Davidson Investment Advisors’ Small/Mid Cap Value Strategy where he was the lead Portfolio Manager from the strategy’s inception in January 1998 through May 2005. With strong investment performance, assets grew from zero to $125 million. From April 2000 until June 2004, Bill was also the firm’s Chief Investment Officer, overseeing all the investment professionals that managed nearly $1 billion of client assets.

Prior to joining Davidson Investment Advisors, Bill was Vice President of Research and Senior Research Analyst at ICM Asset Management in Spokane, Washington. During his tenure from 1990 to 1997, he participated in growing the firm from approximately $100 million in assets under management to $2 billion under management with strong investment performance.

In both 1999 and 2000 he was nominated for the Top Small to Mid Size Company Analyst Award in Reuters Investment Research Survey. He is Past President of the Spokane Chapter of Financial Analysts and the Spokane Stock & Bond Club. Bill earned the Chartered Financial Analyst designation in 1993, is a member of the CFA Institute and the CFA Society of Seattle. He graduated Magna Cum Laude from Central Washington University with double majors in Business Economics and Business Administration with a Finance emphasis.

Bill is married with three children. He is a member of the Cascadians and the Hard Core Runners Club of Yakima. When away from the office Bill enjoys mountain biking, hiking, skiing, reading and photography while outdoors.

MATTHEW W. DHANE, CFA PORTFOLIO MANAGER AND PRINCIPAL
Matthew W. Dhane, CFA is the Senior Research Analyst and Principal of Tieton Capital Management, which he co-founded in 2005. From June 2002 through July 2005 he was the Small/Mid Cap Value Strategy Research Analyst at Davidson Investment Advisors in Great Falls, Montana.

Matt meets with companies, analyzes the data gathered, and incorporates findings from corporate Securities and Exchange Commission filings, to reach decisions on specific companies’ investment merits. Matt holds the Chartered Financial Analyst designation, is a member of the CFA Institute and the CFA Society of Seattle. He received a double major from Seattle University in Business Administration – Finance and Business Administration – Business Economics.

Matt is married with two children. He is a member of the Catholic Charities of Central Washington Finance Committee. When away from the office Matt enjoys spending time with his family, travel, mountain biking and being outdoors.

LORA LEAVENWORTH TRADER & OPERATIONS ADMINISTRATOR
Lora is the Trader and Operations Administrator responsible for trading positions for the firm, portfolio operations and client service. Prior to joining Tieton Capital Management, Lora was the trader for Eagle Capital Partners in New York. Prior to joining Eagle, Lora was a trader at Kingsland Capital, trading both leverage loans and high yield bonds. Lora began her career in the office of the Chief Economist of the Chase Manhattan Bank. Lora holds a B.A. in Economics from New York University.